Atlantic Gold Corp (AGB) Forecasted to Post FY2020 Earnings of $0.10 Per Share
Atlantic Gold Corp (CVE:AGB) – Stock analysts at National Bank Financial cut their FY2020 earnings per share (EPS) estimates for shares of Atlantic Gold in a research report issued to clients and investors on Monday, March 25th. National Bank Financial analyst D. Demarco now forecasts that the company will earn $0.10 per share for the year, down from their previous forecast of $0.14. National Bank Financial also issued estimates for Atlantic Gold’s FY2021 earnings at $0.05 EPS.
Other equities research analysts have also issued reports about the stock. Pi Financial raised their price target on shares of Atlantic Gold from C$2.75 to C$2.85 in a report on Monday. Desjardins reiterated a “buy” rating on shares of Atlantic Gold in a research note on Monday, January 7th. BMO Capital Markets set a C$2.75 price objective on shares of Atlantic Gold and gave the company an “outperform” rating in a research note on Wednesday. Finally, Raymond James increased their price objective on shares of Atlantic Gold from C$2.50 to C$2.75 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Six equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of C$2.85.
About Atlantic Gold
Atlantic Gold Corporation engages in the acquisition, exploration, and development of gold properties in Canada. Its Touquoy Gold Project covers an area of approximately 1,760 hectares located in Nova Scotia; and holds 100% interest the in Beaver Dam Gold Project. The company was formerly known as Spur Ventures Inc and changed its name to Atlantic Gold Corporation in August 2014.
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